Saudi Azm signs services contract with NCGR

17/07/2024 Argaam

Saudi Azm signs services contract with NCGR

Logo of Saudi Azm for Communications and Information Technology Co.

Saudi Azm for Communication and Information Technology Co. signed a contract with the National Center for Government Resource Systems (NCGR) to provide managed services for activating government resource systems and managing knowledge and change, the company said in a statement on Tadawul.

 

The contract term is 36 months, with its value exceeding 15% of the company’s total revenues for 2023 of SAR 190.4 million, representing approximately SAR 28.6 million.

 

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Saudi Azm expects the contract to positively impact its financial results for 2025, 2026, and 2027.

 

The contract was awarded on May 6 and signed on July 15. The necessary signatures were completed, with a copy of the contract received today, July 17.

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